WisdomTree India Correlations

EPI Etf

USD 44.55 0.36 0.81%

The current 90-days correlation between WisdomTree India Earnings and Capital Group Core is 0.31 (i.e., Weak diversification). The correlation of WisdomTree India is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

WisdomTree India Correlation With Market

Very good diversification

The correlation between WisdomTree India Earnings and DJI is -0.27 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree India Earnings and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with WisdomTree Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in WisdomTree India Earnings. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Moving together with WisdomTree Etf

0.96	INDA	iShares MSCI India	Pair Corr
0.87	INDSX	Financial Investors Trust	Pair Corr
0.89	SMIN	iShares MSCI India	Pair Corr
0.95	PIN	Invesco India ETF	Pair Corr
0.97	FLIN	Franklin FTSE India	Pair Corr
0.91	GLIN	VanEck India Growth	Pair Corr
0.98	NFTY	First Trust India	Pair Corr

Moving against WisdomTree Etf

0.66	SGOL	abrdn Physical Gold	Pair Corr
0.63	MOOD	Relative Sentiment	Pair Corr
0.63	GDX	VanEck Gold Miners Aggressive Push	Pair Corr
0.61	SIVR	abrdn Physical Silver	Pair Corr
0.58	VB	Vanguard Small Cap	Pair Corr
0.57	LITL	Simplify Exchange Traded	Pair Corr
0.55	VTV	Vanguard Value Index Sell-off Trend	Pair Corr
0.55	LIT	Global X Lithium	Pair Corr
0.55	IWD	iShares Russell 1000	Pair Corr
0.53	VEA	Vanguard FTSE Developed Aggressive Push	Pair Corr
0.52	JANH	Innovator Equity Premium	Pair Corr
0.5	IBMQ	iShares Trust	Pair Corr
0.49	VO	Vanguard Mid Cap	Pair Corr
0.49	SPVM	Invesco SP 500	Pair Corr
0.42	EEMX	SPDR MSCI Emerging	Pair Corr
0.36	VTI	Vanguard Total Stock	Pair Corr
0.36	VWO	Vanguard FTSE Emerging	Pair Corr
0.34	NVDS	AXS 125X NVDA	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.54	0.3	-0.12	-0.03	-0.16	0.54	0.02	-0.28	-0.24	META
MSFT	0.54		0.78	-0.54	0.48	0.28	0.33	-0.19	-0.85	-0.7	MSFT
UBER	0.3	0.78		-0.45	0.42	0.48	0.03	-0.32	-0.8	-0.51	UBER
F	-0.12	-0.54	-0.45		-0.6	-0.19	0.09	0.52	0.67	0.59	F
T	-0.03	0.48	0.42	-0.6		0.62	-0.15	-0.28	-0.47	-0.66	T
A	-0.16	0.28	0.48	-0.19	0.62		-0.24	-0.16	-0.3	-0.46	A
CRM	0.54	0.33	0.03	0.09	-0.15	-0.24		0.61	-0.11	-0.38	CRM
JPM	0.02	-0.19	-0.32	0.52	-0.28	-0.16	0.61		0.41	0.02	JPM
MRK	-0.28	-0.85	-0.8	0.67	-0.47	-0.3	-0.11	0.41		0.71	MRK
XOM	-0.24	-0.7	-0.51	0.59	-0.66	-0.46	-0.38	0.02	0.71		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

UBER	+ 0.78	MSFT
XOM	+ 0.71	MRK
MRK	+ 0.67	F
A	+ 0.62	T
JPM	+ 0.61	CRM
XOM	+ 0.59	F

High negative correlations

MRK	- 0.85	MSFT
MRK	- 0.8	UBER
XOM	- 0.7	MSFT
XOM	- 0.66	T
T	- 0.6	F
F	- 0.54	MSFT

WisdomTree India Competition Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree India ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze WisdomTree India's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
META	1.44	(0.12)	0.00	(1.43)	0.00	0.00	3.16	(2.67)	13.02
MSFT	1.05	(0.13)	0.00	0.63	0.00	0.00	1.78	(2.50)	4.90
UBER	1.45	(0.23)	0.00	(0.24)	0.00	0.00	2.60	(3.82)	10.23
F	1.47	0.11	0.09	0.15	1.32	(1.82)	3.65	(2.35)	16.30
T	0.88	(0.17)	0.00	(0.41)	0.00	0.00	1.53	(1.85)	4.30
A	1.19	(0.19)	0.00	(0.08)	0.00	0.00	2.90	(2.58)	7.85
CRM	1.43	(0.23)	0.00	(0.16)	0.00	0.00	2.94	(3.10)	12.37
JPM	1.11	(0.06)	(0.02)	0.03	1.66	(1.09)	2.00	(3.11)	7.38
MRK	1.24	0.28	0.19	0.47	1.13	(1.50)	3.59	(1.98)	8.09
XOM	1.07	0.27	0.17	4.15	0.96	(1.25)	2.38	(1.51)	5.82

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